Qatar to take steps to control inflation

Qatar government is taking steps to control inflation which has risen to 3.5 percent, an expert told a symposium at the Green Tent of Friends of the Environment Centre, organised in collaboration with Qafco.

The symposium focused on inflation and its impact on Qatar society today.

Saeed Al Absi, a columnist and economic analyst, said inflation is at 3.5 percent according to sources. The government has taken steps to check inflation to protect consumers, including empowering the Consumer Protection Department to control prices and punish people involved in artificially jacking up prices.

He said most of global economies are suffering high inflation which is causing adverse impact on their growth. When prices go up, people cut expenditure and investment which negatively impacts economies.
 
 
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Source News: Qatar Living